Member Info for JJNorton

Someone needed to buy stock at close of play on Friday and to do that they paid a high price. The last price paid is the closing share price.

I'm very sorry to disappoint you, but the reason for the sudden upturn in the sp at close of play on Friday was that 23.2 was the last price paid. MM's need to balance their books, and needs must, if 23.2 was the price to pay to achieve that then that is what most likely happened. 21.5 is the real price and I'm fairly sure we'll revert to that on Monday morning. Regards JJ

Roger

I often see the remark 'you can't have a buy without a sell'.
This is not the case.
Please remember that this is a market maker stock.
Market makers have to buy stock that is offered ,at a given packet size.
At the close of trading mm's want a flat book and that is why an suction is held to enable books to be balanced.
An encouraging rns today,but it will only add around 10% to mcap at start of day.
The market will be more aware ,now, that further rns's may appear and this will provide a stimulus.
Best wishes to all investors.

I often see the remark 'you can't have a buy without a sell'.
This is not the case.
Please remember that this is a market maker stock.
Market makers have to buy stock that is offered ,at a given packet size.
At the close of trading mm's want a flat book and that is why an suction is held to enable books to be balanced.
An encouraging rns today,but it will only add around 10% to mcap at start of day.
The market will be more aware ,now, that further rns's may appear and this will provide a stimulus.
Best wishes to all investors.

Bruno007 , I agree with your post, except for the price prediction . I don't think we know where the price will be.

I do think it's important not to get carried away.
Today's rns is good news, but all it is telling you is that the buyer has completed due diligence.
An offer has not been made, as that would have to be announced.
The buyer is now in a position to make an offer, and I would have thought within two weeks.
We are still awaiting the Jorc , must be soon.
The board would have had some idea of the buyers price before allowing dd, and the buyer would have had some idea of the boards expectation before commencing dd. I suspect the current buyer is on the low side, but that will still be good news for all shareholders.

Hi Wontongue,
Is to be released was said because that was the belief at the time . It did not say will be released.

I'm a shareholder,and hold because I'm positive about EUA.
Now retired,but I've written many RNS's in my past. I can tell you that every word in an RNS is poured over by lawyers,advisors,and non execs to make sure that the market is not being miss led. Shortly would have been discussed at great length and the executive directors challenged as to why they believed this to be the case.
If it had said the JORC will be released shortly ,that would be because the execs knew it was complete and it would be released in say two weeks.
However it says , Expected to be released by Waddell,shortly
That means the execs have a reasonable belief that it will be released shortly but no certainty.
No certainty because it lies with Waddell to release it.
Best wishes to all EUA'ers

I'm a shareholder,and hold because I'm positive about EUA.
Now retired,but I've written many RNS's in my past. I can tell you that every word in an RNS is poured over by lawyers,advisors,and non execs to make sure that the market is not being miss led. Shortly would have been discussed at great length and the executive directors challenged as to why they believed this to be the case.
If it had said the JORC will be released shortly ,that would be because the execs knew it was complete and it would be released in say two weeks.
However it says , Expected to be released by Waddell,shortly
That means the execs have a reasonable belief that it will be released shortly but no certainty.
No certainty because it lies with Waddell to release it.
Best wishes to all EUA'ers

The company indicated in an RNS that the financing package would be in place by the end of this month.

If the directors knew of any reason that the financing would not be in place, then they would need to RNS the market.
So following that logic, we may be able to assume that matters will conclude this week.

Sorry , should say RNS on 22nd

Company informed on 20 sept of increased covid in its area.
Company informed on 21st sept of level 3 status for area.
Hence need for RNS on 2nd.
Note in RNS that the company is deemed AN ESSENTIAL SERVICE.

I often read posts regarding raising money to make investments in shares.
I use a stockbroker to make all share sales/purchases.
Most purchases for long term investment are made T2 , ie settlement is in two working days.

However, for trading I buy at T20 giving me 20 working days before settlement.I can sell at any time in between.

Here's the point ,though. The broker will allow purchases of 4 times the assets you have with them.
That means that if you have £100k of EUA then you can purchase a further £400k of EUA with a twenty day settlement.

I hold EUA long term, but I trade the dips with T20 purchases.

The order of RNS's matters.
Get all bad news out of the way, before any good news arrives.
Imagine if good finance news was released and then they announced covid news, how it would take the edge off the good news.

The way this has been played is correct, and now plain sailing for finance news.

Thank you for your note crippz.

I would've thought that if the mine plan contains price sensitive information that an RNS would be issued. I wonder why it was mentioned in the Sept 1 RNS if not.

Thank you for your note crippz.

I would've thought that if the mine plan contains price sensitive information that an RNS would be issued. I wonder why it was mentioned in the Sept 1 RNS if not.

The mine plan will be delivered within two weeks.

Isn't that today or tomorrow?

Thank you, Folio and DownToThe Bone

Thank you, Folio and DownToThe Bone